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Political Economy > Lecture 3 > Flashcards

Lecture 3 Flashcards

1
Q

What are the core points of realism? How does it look at IPE?

Name 5

A
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2
Q

How do realists look at globalization?

A
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3
Q

What is the definition of mercantilism?

A
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4
Q

What is the theory of classical mercantalism?

Name three

A
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5
Q

What is the history behind classical mercantalism?

A
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6
Q

What happend after the rise of classical liberalism?

With respect to mercantalism

A
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7
Q

What is the infant industry argument? To which theory is it linked?

A

Mercantalism

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8
Q

Who is Friedrich List? To which theory is he linked?

A

Mercantalism

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9
Q

Who is Alexander Hamilton? To which theory is he linked?

A

Mercantalism

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10
Q

When did neo-mercantalism rise?

A

After 1945, expecially in the 1970’s and 1980’s

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11
Q

How was mercantalism used in the neo-mercantalist era? By whom?

A
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12
Q

Is mercantalism making a comback? Why is this suggested?

A
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13
Q

What are the main focus of classical mercantilism and neo-mercantilism?

A

Classical: Generate trade surplussus; everything is a zero-sum game

Neo: Use defensive economic policies without force

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14
Q

What is the primary unit of analysis for mercantalists?

A

The state

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15
Q

What is the primary unit of analysis for mercantalists?

A

The state

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16
Q

To what can the emergence mercantilism be linked?

A

The first wave of colonialism

17
Q

What is economic nationalism?

A

A people’s sense of economic loyalty to their nation-state

18
Q

What did the US government practise in the 19’th century?

A

Mercantalism, by creating very high trade barriers

19
Q

What do economist partly blame for the Great Depression?

Obv. regarding a countries economy

A

High tariffs that became popular

20
Q

How did policy in the 1970s and 1980s change in regard of neo-mercantilist policies?

Name four

A
  • More use of neomercantilist tools to protect states and international businesses from economic threats
  • Increased political saliency of international economic interdependence and dependence on natural resources
  • Greater importance of international finance and trade agreements
  • Increased investment in and attention to technological and information innovations
21
Q

What was the intention of neomercantalist policies?

A

To reduce vulnerability of states and international businesses to international competition, without undermining a commitment to free trade

22
Q

How do governments support local companies (without tariffs, trade barriers etc.)?

A

They often buy “local” thus ensuring that local companies remain competative; funding R&D operations.

23
Q

What are the fourt reasons in the knowledge structure that afffect countries in unsettling and potentially liberating ways?

A
  • Knowledge and technology are becoming important for power; success is becoming less dependent on land or natural resources
  • Profits in the GE, are shifting to those who own the knowledge and control its distribution
  • Governments use tactics to limit cross-border information flows
  • Tensions between those that own IP and those that believe it should be public exist
24
Q

How do governments contain and control knowledge?

Name 5

A
  • They have used firewalls to limit access (e.g. Great Firewall)
  • Use survaillence systems
  • Fund media networks
  • Influence campains (e.g. on social media)
  • data localization (demand from governments that data from their citizens are stored in their country)
25
Q

What are six views on Intelectual Property Rights (IPR)?

A
  1. Economic Liberals: property rights are fundamental, thus a small but temporary monopoly will incentivize more innovation
  2. Mercantalists: Nations must develop their own technology and aquire others
  3. Structuralist: Developed nations use IPR to monopolize global markets
  4. Constructivist: We have created the IPR issue, thus it is hard to argue that anyone should have exclusive ownership of knowledge.
  5. Balancers: individual can be creative, while respecting the legitimate economic rights of others
  6. Abolitionists: IPR distorts markets, undermines competition and reduces innovation.
26
Q

What are new discussions about IPR?

A

Whether Traditional Knowledge (TK) also falls under its umbrella.

Political Economy (11 decks)

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